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Lamar Advertising Q2 FFO climbs 5.5% YOY

Lamar Advertising Co. said its second-quarter funds from operations came to $159.3 million, a rise of 5.5% from $150.9 million in the prior-year period.

Adjusted FFO increased on an annual basis to $154.1 million from $150.5 million.

AFFO per share increased to $1.54 from $1.52 year over year.

The company affirmed its 2019 AFFO per-share guidance of between $5.67 and $5.83. The S&P Global Market Intelligence consensus AFFO estimate for 2019 is $5.84.